TPYP vs. ENB
Compare and contrast key facts about Tortoise North American Pipeline Fund (TPYP) and Enbridge Inc. (ENB).
TPYP is a passively managed fund by Tortoise that tracks the performance of the Tortoise North American Pipeline Index. It was launched on Jun 30, 2015.
Performance
TPYP vs. ENB - Performance Comparison
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TPYP vs. ENB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TPYP Tortoise North American Pipeline Fund | 20.98% | 7.59% | 37.37% | 10.51% | 16.09% | 34.97% | -20.99% | 23.35% | -11.13% | 2.27% |
ENB Enbridge Inc. | 14.71% | 19.51% | 26.35% | -1.13% | 6.46% | 30.83% | -13.60% | 36.05% | -15.53% | -2.73% |
Returns By Period
In the year-to-date period, TPYP achieves a 20.98% return, which is significantly higher than ENB's 14.71% return. Over the past 10 years, TPYP has outperformed ENB with an annualized return of 13.45%, while ENB has yielded a comparatively lower 10.17% annualized return.
TPYP
- 1D
- -1.05%
- 1M
- 2.89%
- YTD
- 20.98%
- 6M
- 18.25%
- 1Y
- 20.82%
- 3Y*
- 25.55%
- 5Y*
- 21.03%
- 10Y*
- 13.45%
ENB
- 1D
- -0.35%
- 1M
- 1.88%
- YTD
- 14.71%
- 6M
- 10.26%
- 1Y
- 29.33%
- 3Y*
- 19.97%
- 5Y*
- 15.26%
- 10Y*
- 10.17%
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Return for Risk
TPYP vs. ENB — Risk / Return Rank
TPYP
ENB
TPYP vs. ENB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise North American Pipeline Fund (TPYP) and Enbridge Inc. (ENB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| TPYP | ENB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 1.73 | -0.46 |
Sortino ratioReturn per unit of downside risk | 1.64 | 2.30 | -0.66 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.31 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 3.08 | -1.49 |
Martin ratioReturn relative to average drawdown | 5.57 | 7.65 | -2.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TPYP | ENB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.73 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.22 | 0.83 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.42 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.52 | -0.09 |
Correlation
The correlation between TPYP and ENB is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TPYP vs. ENB - Dividend Comparison
TPYP's dividend yield for the trailing twelve months is around 3.23%, less than ENB's 5.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TPYP Tortoise North American Pipeline Fund | 3.23% | 3.91% | 3.95% | 4.83% | 4.48% | 4.86% | 6.14% | 4.45% | 4.58% | 3.71% | 3.49% | 2.56% |
ENB Enbridge Inc. | 5.07% | 5.66% | 6.28% | 7.31% | 6.80% | 6.85% | 7.55% | 5.58% | 6.68% | 4.71% | 4.13% | 4.71% |
Drawdowns
TPYP vs. ENB - Drawdown Comparison
The maximum TPYP drawdown since its inception was -51.91%, which is greater than ENB's maximum drawdown of -46.35%. Use the drawdown chart below to compare losses from any high point for TPYP and ENB.
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Drawdown Indicators
| TPYP | ENB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.91% | -46.35% | -5.56% |
Max Drawdown (1Y)Largest decline over 1 year | -13.17% | -9.37% | -3.80% |
Max Drawdown (5Y)Largest decline over 5 years | -17.96% | -28.32% | +10.36% |
Max Drawdown (10Y)Largest decline over 10 years | -51.91% | -44.07% | -7.84% |
Current DrawdownCurrent decline from peak | -1.65% | -0.81% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -7.97% | -10.88% | +2.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.77% | 3.78% | -0.01% |
Volatility
TPYP vs. ENB - Volatility Comparison
The current volatility for Tortoise North American Pipeline Fund (TPYP) is 3.19%, while Enbridge Inc. (ENB) has a volatility of 3.51%. This indicates that TPYP experiences smaller price fluctuations and is considered to be less risky than ENB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TPYP | ENB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 3.51% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 8.94% | 11.69% | -2.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.59% | 17.09% | -0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.32% | 18.49% | -1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.96% | 24.41% | -2.45% |